A Policy Proposal for the Creation of a Government-Backed Stablecoin in Hong Kong A recent policy paper has suggested that the Hong Kong government should create its own stablecoin called HKDG. The stablecoin would be backed by Hong Kong’s substantial foreign exchange reserves…
South Africa Requires Crypto Exchanges to Apply for Licenses South Africa’s Financial Sector Conduct Authority (FSCA) has mandated that cryptocurrency exchanges operating within the country must apply for licenses before the end of the year to continue their operations. Failure to do so…
Migrating from DEXes to CEXes: The Shift in Crypto Trading The memecoin frenzy in the crypto market has given way to a surge in spot exchange-traded fund (ETF) trading on centralized exchanges (CEXes). Data from The Block’s Data Dashboard reveals a significant decline…
BTC/USD Tests 30862 Target: Sally Ho’s Technical Analysis – 5 July 2023 Bitcoin (BTC/USD) saw a retracement in the Asian session, moving back above the 31000 figure after briefly trading as low as 30870.63. This test was related to recent selling pressure around…
Bitcoin Depot Becomes First Bitcoin ATM Provider to Go Public on Nasdaq Bitcoin Depot, a leading bitcoin ATM operator, has successfully launched on the Nasdaq stock exchange, making it the first US company in the bitcoin ATM industry to go public. Here are…
The Changing Landscape of Cryptocurrency Supply and Demand According to a report by Goldman Sachs, the supply of bitcoin and ether on exchanges has decreased in recent months due to increased regulation and concerns over security. Here are the key points: Bitcoin supply…
Shares of Bud Light owner Anheuser-Busch InBev (NYSE: BUD) fell sharply in May after the brewing company faced extreme criticism over its April ad campaign involving transgender activist Dylan Mulvaney. – In May, BUD stock collapsed more than 17%, ending the month at…
Hong Kong Receives Proposal to Issue HKDG Stablecoin As the crypto space gains popularity, Hong Kong aims to become a major player by proposing its own stablecoin, HKDG. The stablecoin would be supported by Hong Kong’s foreign exchange reserves and could rival established…
Breaking News: Verge (XVG) Surges 500% in One Week, Bringing Dinosaur Coins Back to Life Verge (XVG), a privacy-focused cryptocurrency, has seen an incredible surge of over 500% in the past week, marking a potential comeback for “dinosaur coins” in the crypto market.…
